Zacks: Brokerages Anticipate Five Below, Inc. (NASDAQ:FIVE) Will Post Earnings of $0.66 Per Share

Equities analysts expect Five Below, Inc. (NASDAQ:FIVE) to report earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Five Below’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.56. Five Below reported earnings of ($0.91) per share during the same quarter last year, which indicates a positive year over year growth rate of 172.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, June 8th.

According to Zacks, analysts expect that Five Below will report full-year earnings of $4.23 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.36. For the next year, analysts expect that the firm will post earnings of $5.10 per share, with EPS estimates ranging from $4.60 to $5.56. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Five Below.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Tuesday, March 16th. The specialty retailer reported $2.20 EPS for the quarter, topping the consensus estimate of $2.11 by $0.09. The firm had revenue of $858.51 million for the quarter, compared to the consensus estimate of $839.44 million. Five Below had a return on equity of 14.72% and a net margin of 6.13%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.97 earnings per share.

A number of analysts recently weighed in on FIVE shares. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Tuesday, March 16th. Telsey Advisory Group boosted their price objective on Five Below from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, March 18th. Citigroup lowered Five Below from a “buy” rating to a “neutral” rating and increased their target price for the stock from $180.00 to $205.00 in a research note on Wednesday, January 27th. Barclays lifted their price target on shares of Five Below from $180.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 24th. Finally, Royal Bank of Canada upped their price objective on shares of Five Below from $209.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 24th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $199.00.

Shares of Five Below stock opened at $184.25 on Friday. The stock has a 50 day moving average price of $196.28 and a 200-day moving average price of $178.61. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 94.49, a price-to-earnings-growth ratio of 4.44 and a beta of 1.19. Five Below has a one year low of $83.58 and a one year high of $205.28.

In related news, CMO Michael Romanko sold 2,427 shares of Five Below stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $195.01, for a total transaction of $473,289.27. Following the completion of the sale, the chief marketing officer now owns 12,529 shares of the company’s stock, valued at $2,443,280.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Elizabeth Buggeln sold 5,500 shares of Five Below stock in a transaction dated Friday, March 19th. The stock was sold at an average price of $194.28, for a total value of $1,068,540.00. Following the sale, the director now directly owns 11,778 shares of the company’s stock, valued at approximately $2,288,229.84. The disclosure for this sale can be found here. Insiders have sold 17,006 shares of company stock valued at $3,360,898 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. RMR Wealth Builders purchased a new position in Five Below during the first quarter valued at approximately $29,000. Graves Light Private Wealth Management Inc. purchased a new position in Five Below during the fourth quarter valued at approximately $36,000. Neo Ivy Capital Management purchased a new position in Five Below during the fourth quarter valued at approximately $51,000. Rockefeller Capital Management L.P. raised its position in Five Below by 23.6% during the first quarter. Rockefeller Capital Management L.P. now owns 393 shares of the specialty retailer’s stock valued at $74,000 after acquiring an additional 75 shares in the last quarter. Finally, Private Capital Group LLC increased its position in shares of Five Below by 63.3% in the first quarter. Private Capital Group LLC now owns 405 shares of the specialty retailer’s stock valued at $77,000 after buying an additional 157 shares in the last quarter.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

Featured Article: Growth Stocks

Get a free copy of the Zacks research report on Five Below (FIVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Five Below (NASDAQ:FIVE)

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.